The global virtual mobile infrastructure market is growing rapidly. The market growth attributes to the rising need for secured mobile payment applications. Besides, the proliferation of mobile devices such as tablets, smartphones, and other mobile devices drive the market growth. Moreover, the utilization of mobile devices and the reduction in the hardware and operating costs using virtual mobile infrastructure technology escalate market revenue growth.
In its recently published industry analysis, Market Research Future (MRFR) asserts that the global virtual mobile infrastructure market is expected to grow further at a 9.3% CAGR during the forecast period. In 2019, the market was valued at USD 116.3 Million. The proliferation of the Internet of things (IoT) boosts the market growth, improving cloud computing delivery in business applications. Virtual mobile infrastructure platform includes new cloud services, engineered systems, and servers.
Additionally, the increasing numbers of small and medium-sized enterprises, alongside the increasing security with the virtual mobile infrastructure uses, propel the market growth. Increased deployment of web and cloud-based applications is one of the main driving factors behind the growth of the virtual mobile infrastructure market. Conversely, the connectivity and compatibility issues with various android applications are major factors projected to impede the market growth during the assessment period.
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Nevertheless, increasing enterprise budgets for virtual mobile infrastructure would support market growth throughout the review period. Also, factors such as the proliferation of BYOD trend and connected devices alongside the Internet of things (IoT) would contribute to the market growth. Technological advances, such as the extending flexibility and scalability of the cloud with pay-as-you-go pricing to all app developers, offer vendors a significant growth opportunity.
Global Virtual Mobile Infrastructure Market – Segmentation
The report is segmented into five dynamics;
By Component : Platform and Services (professional and managed services).
By Organization Size: Small Medium Enterprises (SMEs) and Large Enterprises.
By Deployment : On-Cloud and On-Premise.
By Vertical : BFSI, Manufacturing, Government, IT Telecommunication, Healthcare, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Virtual Mobile Infrastructure Market – Regional Analysis
North America dominates the global virtual mobile infrastructure market. The largest market share attributes to the growing numbers of smartphone users and the implementation of virtual mobile infrastructure across small and medium-sized enterprises. Besides, the vast technological advancements offer a favorable platform for virtual mobile infrastructure to evolve further.
Moreover, the increasing demand for secure payment solutions, growing numbers of businesses, and the rapidly growing cloud computing market offer a large opportunity for the industry. The US leads the regional market, followed by Canada and Mexico, heading with the early adoption of technology and the growing use of smartphones.
Europe stands second in the virtual mobile infrastructure market. The market growth is driven by rising Internet penetration and the increasing availability of smart devices. Additionally, large technological advancements and the proliferation of intelligent connected devices Increase the market size. Furthermore, the well-established mobile infrastructure in the region positively impacts market growth, allowing faster implementation of advanced technologies.
The Asia Pacific virtual mobile infrastructure market has emerged as a profitable market globally. Factors such as the rising adoption of virtual mobile technology and increasing numbers of businesses in developing countries inclined toward automation boost the market size.
Furthermore, the increasing uptake of IoT devices and the proliferation of smartphones foster the regional market's growth. The burgeoning IT sector and increasing numbers of prominent players in the region drive the market growth of virtual mobile infrastructure in the APAC region.
Major Players:
Players leading the global virtual mobile infrastructure market are Raytheon (US), Trend Micro (Japan), Nubo (US), Avast Software (Czech Republic), Pulse Secure (US), Prescient Solutions (US), Fortinet (US), Sierraware (US), Forcepoint (US), Genymobile (France), and Intelligent Waves (US), among others.
Global Virtual Mobile Infrastructure Market – Competitive Analysis
Fiercely competitive, the virtual mobile infrastructure market appears to be fragmented due to the presence of various well-established technology providers. Matured players invest substantially to transform the future business landscape. To gain a larger competitive share, they incorporate strategic initiatives such as mergers acquisitions, collaboration, expansion, and product technology launch.
Top vendors strive to advance technology solutions to gain an edge over their competitors and thus stay ahead in this market. These market leaders are substantially investing in RD to innovate new products continuously. To support their expansion strategies, they invest heavily and acquire small yet promising companies from the emerging regions.
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Industry/Innovation/ Related News:
November 19, 2020 --- iQSTEL, Inc. (the US), a leading global Telecommunication and Technology (fintech) Services provider, announced s partnership with Payment Virtual Mobile Solutions, LLC (PayVMS), a US-based software development and technology company, to build a Prepaid Debit Card Service (PDCS).
The PDCS would be constructed under a new corporation named Global Money One, Inc., wherein iQSTEL would own 75%, and PayVMS would own the other 25% of Global Money One. With this agreement, iQSTEL would be able to expand its fintech services into prepaid debit card services. New Business Line is estimated to generate up to USD 128 MN over five years.
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